As of Friday close, Murphy Oil Corporation’s (NYSE:MUR) stock was down -$1.56, moving down -4.46 percent to $33.44. The average number of shares traded per day over the past five days has been 2,951,980 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.22 fall in that time frame. In the last twenty days, the average volume was 1,789,655, while in the previous 50 days, it was 1,853,348.
Since last month, MUR stock retreated -22.00%. Shares of the company fell to $33.01 on 03/16/23, the lowest level in the past month. A 52-week high of $51.28 was reached on 01/27/23 after having rallying from a 52-week low of $25.97. Since the beginning of this year, MUR’s stock price has dropped by -22.25% or -$9.57, and marked a new high 6 times. However, the stock has declined by -34.80% since its 52-week high.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
Sponsored
MUR stock investors should be aware that Murphy Oil Corporation (MUR) stock had its last reported insider trading activity 32 days ago on Feb 14. Utsch Louis W, the Vice President of the company, disposed of 10,902 shares for $43.50 on Feb 14. It resulted in a $474,237 divestment by the insider. Vaughan Paul D. sold 9,500 shares at an average price of $41.30 on Feb 06. The insider now owns 4,716 shares following the transaction. On Nov 15, Executive Vice President & CFO MIRELES THOMAS J sold 15,000 shares at $49.06 apiece. The transaction was valued at $735,840.
Valuation Metrics
Right now, Murphy Oil Corporation (MUR) has a P/E ratio of about 5.45. The stock’s beta is 2.39. Besides these, the trailing price-to-sales (P/S) ratio of 1.38, the price-to-book (PB) ratio of 1.04, and the price-to-cash flow ratio of 5.10 may also be considered.
The latest dividend of $0.2750 per share was paid out, which is 10.0% more than last year’s $0.25. On Thursday January 26 2023, a $0.0250 dividend increase was announced.
Financial Health
In the three months ended December 30, Murphy Oil Corporation’s quick ratio stood at 0.70, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.36, and the total debt-to-equity ratio was 0.37. On the profitability front, the trailing twelve-month gross margin is 78.20% percent. In the year ended December 30, operating margins totaled 40.70%. Based on annual data, MUR earned $1.59 billion in gross profit and brought in $3.93 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 18.70%. Return on equity (ROE) for the past 12 months was 21.40%.
In Murphy Oil Corporation’s quarter-end financial report for December 30, it reported total debt of $1.82 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MUR’s revenue rose 24.23% to $1.3 billion during the quarter, while net income inched up to $975.22 million. While analysts expected Murphy Oil Corporation to report $1.14 quarterly earnings, the actual figure was $1.1 per share, beating the consensus estimate by -3.50%. During the quarter, the company generated $529.1 million in EBITDA. The liabilities of Murphy Oil Corporation were 5.16 billion at the end of its most recent quarter ended December 30, and its total debt was $2.79 billion. The value of shareholders’ equity is $155.76 million.
Technical Picture
This quick technical analysis looks at Murphy Oil Corporation’s (MUR) price momentum. With a historical volatility rate of 29.59%, the RSI 9-day stood at 24.05% on 17 March.
With respect to its five-day moving average, the current Murphy Oil Corporation price is down by -8.78% percent or -$3.22. At present, MUR shares trade -20.04% below its 20-day simple moving average and -29.48% percent below its 100-day simple moving average. However, the stock is currently trading approximately -17.80% below its SMA50 and -21.17% below its SMA200.
Stochastic coefficient K was 13.07% and Stochastic coefficient D was 15.74%, while ATR was 1.93. Given the Stochastic reading of 4.82% for the 14-day period, the RSI (14) reading has been calculated as 28.63%. As of today, the MACD Oscillator reading stands at -2.20, while the 14-day reading stands at -3.66.
Analyst Ratings
Murphy Oil Corporation (MUR) has been rated Overweight by analysts. According to 0 brokerage firms, MUR is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Murphy Oil Corporation stock as buy, with 6 recommending it as overweight.
With a median target price of $50.00, the current consensus forecast for the stock is $41.00 – $62.00. Based on these forecasts, analysts predict Murphy Oil Corporation (MUR) will achieve an average price target of $51.50.